Matt Reynolds

The free agent ace and the Philadelphia Phillies have reached agreement on a three-year contract, two people familiar with the decision told The Associated Press.

Both people spoke to the AP on condition of anonymity Sunday because the deal, reportedly worth $75 million, is pending a physical. Arrieta is joining the Phillies just 2 ½ weeks before opening day.

The 32-year-old Arrieta was among several top free agents who didn't get a contract for six or seven seasons in a changing market. The Phillies, who have plenty of money to spend, waited until the price was right for them.

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